Sears will live on— at least for now. The company’s chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears in New York, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because they…
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by Joshua Gill The Archdiocese of St. Paul and Minneapolis, which filed for bankruptcy in 2015 amid a flood of sexual abuse allegations, will pay $210 million to abuse victims. U.S. Bankruptcy Court Judge Robert Kressel approved the archdiocese’s proposed settlement Wednesday as part of its reorganization plan. The…
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by Andrew Kerr Students continue to struggle mightily to repay their student debt amid a booming economy, according to a report released Tuesday by the New York Fed. Outstanding student loan debt stood at $1.41 trillion at the end of June, making it the second largest category of household…
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